Synopsis

"Financial Contagion: The Viral Threat to the Wealth ofNations covers a lot of territory. It is, of course, terriblyimportant to analyze case histories to discover potential triggers,mechanisms of transmission, and viable ways to contain the damageof financial contagion. The problem is, as these articles amplydemonstrate, that there’s always a new virus or a mutation ofa former one lurking in some corner of the financial world. Wedon’t know what it is or where it is. And, even if we hadsome inkling, there’s almost never enough time to develop afinancial flu shot." --SeekingAlpha.com

The latest insights on financial contagion and how both nationsand investors can effectively deal with it.

The domino-style structure in which the financial system existsis a perilous one. Although historically, the financial system hasbeen able to deal with major shocks, the fact remains that ourfinancial system is not as secure as it should be.

Recent years have brought about too many examples of contagionand systemic risk. That is why Financial Contagion is suchan important read. In it, the serious concerns that revolve aroundour fragile economic system are investigated, researched, andexplained.

Throughout the book, Kolb offers valuable insights on thisdilemma as he compiles the history of financial contagion,highlights the latest research on systemic failure and interrelatedmarkets, and analyzes the risks and consequences we face movingforward.

Examines the importance of careful regulation and what must bedone to stabilize the global financial system

Includes contributed chapters from both academics andexperienced professionals, offering a variety of perspectives and arich interplay of ideas

Details how close we are to witnessing a financial contagionthat could devastate the world economy

We have been harshly reminded of how fragile our economicecosystem is. With Financial Contagion, you'll hold a betterunderstanding of what needs to be done to strengthen our system andsafeguard our financial future.